Investment Strategy

EverStream Capital Management provides equity and structured debt solutions to energy infrastructure developers for projects across the development cycle. We seek project investments that are in the later stages of development or are already operational. Most of our investments to date have been in the solar, wind and gas sectors, but we continually evaluate other areas of sustainable energy infrastructure both traditional and emerging, including hydro, biomass, storage, efficiency, etc. Contact us to find out more about investment opportunities.

EverStream prefers to invest in projects that utilize proven technologies; have an extensive, useful life; maintain long-term offtake agreements with creditworthy counterparties; and generate stable and predictable cash flow streams once completed and operational. We provide financing to experienced developers who may find the investment community overly rigid or inflexible to their needs, or whose projects may fall outside of the range of other energy and infrastructure funds.

In 2012, EverStream Capital Management created EverStream Yield, a solar/wind asset aggregation and cash dividend paying company (often referred to as a "YieldCo"), which sold to SunEdison (NYSE: SUNE) in 2013 and went public in 2014 under the name TerraForm Power (NASDAQ: TERP).

All EverStream Projects

SolarProject Name

Status

Location

InitialInvestment Date

MWp

Regulus, Adobe, Orion I, Orion II

Exited

California, USA

March 2013

154 MW

Montessori Project

Exited

Italy

March 2014

2.3 MW

San Andrés Project

Current

Chile

March 2014

51 MW

Sunway Projects

Exited

Italy

March 2014

5.7 MW

Digos, Clark and Concepcion Projects

Current

Philippines

May 2014

28.6 MW

Tohoku 1

Current

Japan

May 2014

31 MW

Tohoku 2

Current

Japan

August 2014

36 MW

Sighten, Inc.

Current

California, USA

July 2014

-

Tohoku 3

Current

Japan

September 2014

18 MW

Tohoku 4

Current

Japan

January 2015

56 MW

Kyushu 1

Current

Japan

January 2015

21 MW

Tohoku 5

Current

Japan

May 2015

30 MW

Kansai 1

Current

Japan

May 2015

6 MW

TerraForm Global

Exited

Global

May 2015

841 MW

Comanche Project

Exited

Colorado, USA

July 2015

156 MW

Chugoku 1

Current

Japan

April 2016

36 MW

DG Solar

Current

USA

July 2016

11 MW

Kyushu 2

Current

Japan

November 2016

35 MW

India

Current

India

November 2016

Kansai 2

Current

Japan

July 2017

29 MW

Regulus, Adobe, Orion I, Orion II

EXITED

EverStream arranged, structured, and managed a $67m investment vehicle to fund project development for central California: Adobe, Regulus and Cascade projects. The loan allows for the flexible use of funds, but is secured by specific late-stage projects. All projects in the collateral pool are in California and have investment grade offtake counterparties.

San Andrés Project

CURRENTLY INVESTED

In Q4 2013, EverStream acquired San Andres, a 50MWp utility-scale solar project located in the Atacama desert. San Andrés was awarded the 2013 Latin America Solar Project Finance Deal of the Year by Euromoney’s Project Finance Magazine.

Sunway Projects

EXITED

EverStream acquired an operating portfolio of rooftop and ground mounted solar projects in Italy from our strategic development partner Enfinity.

Digos, Clark and Concepcion Projects

CURRENTLY INVESTED

EverStream provided structured debt financing to our strategic Philippines development partner Enfinity. The financing supported the development and construction of a portfolio of Philippines solar projects, including Digos, Clark and Concepción.

Tohoku 1

CURRENTLY INVESTED

EverStream is providing development and construction financing to a top tier Japanese developer to build out a portfolio of seven solar projects, including the SK project expected to be completed in 2017.

Comanche Project

EXITED

EverStream made an equity investment into a 156MW solar project. Construction is underway and the project is on track for a Q3 2016 COD. The project has a 25-year power purchase agreement with Xcel Energy. As of construction start in 2015, Comanche was on track to be the largest solar project in the United States east of the Rockies.

DG Solar

CURRENTLY INVESTED

Everstream established DG Solar Partners I in 2016. Through this vehicle, EverStream and its affiliates own fourteen solar installations in Colorado, New Jersey, Florida, and Puerto Rico. The Projects are located on premises at Fortune 500 retailers as well as creditworthy municipal organizations.

India

CURRENTLY INVESTED

EverStream invested development and construction equity into a portfolio of six, utility-scale projects in India totaling 100MWp. The projects were commissioned in Q3 and Q4 of 2017 and are currently operational.

Featured Projects

Regulus, Adobe, Orion I, Orion II

EXITED

EverStream arranged, structured, and managed a $67m investment vehicle to fund project development for central California: Adobe, Regulus and Cascade projects. The loan allows for the flexible use of funds, but is secured by specific late-stage projects. All projects in the collateral pool are in California and have investment grade offtake counterparties.

San Andrés Project

CURRENTLY INVESTED

In Q4 2013, EverStream acquired San Andres, a 50MWp utility-scale solar project located in the Atacama desert. San Andrés was awarded the 2013 Latin America Solar Project Finance Deal of the Year by Euromoney’s Project Finance Magazine.

Sunway Projects

EXITED

EverStream acquired an operating portfolio of rooftop and ground mounted solar projects in Italy from our strategic development partner Enfinity.

Digos, Clark and Concepcion Projects

CURRENTLY INVESTED

EverStream provided structured debt financing to our strategic Philippines development partner Enfinity. The financing supported the development and construction of a portfolio of Philippines solar projects, including Digos, Clark and Concepción.

Tohoku 1

CURRENTLY INVESTED

EverStream is providing development and construction financing to a top tier Japanese developer to build out a portfolio of seven solar projects, including the SK project expected to be completed in 2017.

Comanche Project

EXITED

EverStream made an equity investment into a 156MW solar project. Construction is underway and the project is on track for a Q3 2016 COD. The project has a 25-year power purchase agreement with Xcel Energy. As of construction start in 2015, Comanche was on track to be the largest solar project in the United States east of the Rockies.

DG Solar

CURRENTLY INVESTED

Everstream established DG Solar Partners I in 2016. Through this vehicle, EverStream and its affiliates own fourteen solar installations in Colorado, New Jersey, Florida, and Puerto Rico. The Projects are located on premises at Fortune 500 retailers as well as creditworthy municipal organizations.

India

CURRENTLY INVESTED

EverStream invested development and construction equity into a portfolio of six, utility-scale projects in India totaling 100MWp. The projects were commissioned in Q3 and Q4 of 2017 and are currently operational.